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  • Hotel Management (10)
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The Real DealMar 24, 2019

Miami-based firm enters California market with $85.7M Marriott hotel acquisition

Driftwood Acquisitions and Development acquired the Marriott Mission Valley in San Diego and plans to build another hotel on the same site.

Commercial ObserverMar 20, 2019

Miami’s Driftwood Nabs $64M in Morgan Stanley Debt for SoCal Acquisition

The company, Driftwood Acquisitions & Development, will put the proceeds to use in its $85.7 million purchase of the Marriott Mission Valley, a 353-room hotel at 8757 Rio San Diego Drive.

law.comFeb 19, 2019

Driftwood Sells Altamonte Springs Marriott Hotel for $11.65 Million

An affiliate of Driftwood Acquisitions & Development, SHS Altamonte Springs Ltd., sold the hotel to 205 West State Road 436 LLC for $11.65 million, according to the Seminole County Property Appraiser’s office.

Florida TrendJan 29, 2019

Florida's retirement communities face growing demand for more space, luxury

As baby boomers age and seniors continue to retire to Florida, the state’s strong housing market has led to heightened demand for high-end continuing-care retirement communities.

The Real DealJan 26, 2019

Miami-based firm sells Springhill Suites hotel near Orlando for $11.65M

Miami-based Driftwood Acquisitions and Development sold a 90-key Springhill Suites hotel near Orlando for $11.65 million.

Hotel News NowJan 7, 2019

Unique deal structures propel Driftwood’s expansion

With its latest agreement to buy a portfolio of Atlanta hotels in a joint venture, Driftwood Acquisitions and Development’s M&A strategy and investment structure are continuing to pay dividends.

National Real Estate InvestorJan 2, 2019

EB-5 and Opportunity Zones: Chutes & Ladders for Developers and Investors alike

Of particular interest this year is the burgeoning area of Opportunity Zones, an investment vehicle made possible by the Tax Cuts and Jobs Act of 2017.

South Florida Business JournalDec 21, 2018

Real Estate Journal: Opportunity Zones could bring huge tax breaks to investors

More than 8,700 U.S. census tracts have been designated as Qualified Opportunity Zones since the real estate investment program was signed into law as part of the Tax Cuts and Jobs Act.

Atlanta Business ChronicleDec 12, 2018

Miami company enters Atlanta hotel market via JV’s multimillion-dollar portfolio buy

A new player from Miami has entered Atlanta’s hotel market through a joint venture’s multimillion-dollar acquisition of a six-hotel portfolio in the metro area.

Hospitality NetDec 3, 2018

Driftwood Acquisitions & Development Enters Atlanta Market With Acquisition Of Three Marriott-branded Hotels

Company acquires 368 hotel rooms in prime locations throughout the coveted Atlanta market

South Florida Business JournalApr 26, 2018

Driftwood named one of South Florida's 2018 Businesses of the Year

Driftwood named one of South Florida's 2018 Businesses of the Year

ForbesAug 10, 2017

How Jimmy Buffett Turned Hit Song 'Margaritaville' Into A Multibillion-Dollar Empire

Jimmy Buffett’s classic hit “Margaritaville” is celebrating its 40th anniversary this year. The song debuted on the 1977 “Changes in Latitudes, Changes in Attitudes” album and quickly took on a life of its own.

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